IRVINE, Calif., Sept. 1 /PRNewswire-AsiaNet/ –
RG Global Lifestyles, Inc. (OTC Bulletin Board: RGBL) today announced that
its subsidiary, Aquair, Inc., ("Aquair") has signed distribution agreements
with Locke Media/Conty Huynh Hoa, LLC ("the Distributor") to purchase and
exclusively market its home/office model of Atmospheric Water Generator product
known as the Aquair E/M-10 model, under patent or patent pending, which
produces water from air in Vietnam.
In consideration for the exclusive right to distribute the product, the
Distributor agrees to purchase a minimum of US$2.0 million of the product for
the first year of operations and US$2.5 million for the second year of
operations. As initial commitments, the Distributor will issue a purchase
order for 90 units of the E/M-10 home/office model for delivery in September
2005 and 180 units for delivery in December 2005. The minimum annual purchase
requirement will commence on the day the first shipment of E/M-10 machines is
received by the Distributor. All products will be marketed and sold with the
name Aquair.
About Locke Media:
Although a recently formed company for the express purpose of marketing the
Aquair products, the principals of Locke Media are members of a
well-respected family with long term business interests and relationships in
Vietnam. Their business interests have spanned from Asia to the United States
as one of Vietnam’s prominent exporters of shrimp. Other businesses include
production of livestock feed supplements and nutraceutical and health foods,
giving credence to their interest in the importance of pure water. A principal
of Locke Media became interested in the Aquair products and technology through
a long-term relationship with the principals of RG Global Lifestyles, Inc.,
having served as suppliers to their Amerikal subsidiary. Recognizing the value
of Aquair’s air-to-water technology and products to the future economy of
Vietnam, the Distributor organized a new team to distribute these products and
recently rented a 4-story building in the central business district of the city
of Ho Chi Minh to serve as Aquair’s headquarters.
"Vietnam is one of Asia’s fastest growing economies," said Louis L.
Knickerbocker, Chairman and CEO of RG Global Lifestyles, Inc. "We are
extremely fortunate to have captured the interest of this prominent group who
are committed to marketing our products in Vietnam, thus validating the
viability of our patented air to water technology."
About Aquair:
Aquair, Inc. (AQUAIR(TM)) was formed for the express purpose of developing
and distributing quality water products using the latest in atmospheric
technology with advanced filtration systems to provide pure safe water around
the world. Reports from around the country and the world continue to confirm
the deterioration of the water supply. Much of the contamination is microbial
in nature. Many of the treatment methods for water deal only with the
"aesthetic" qualities of the water, taste, clarity and are not effective in the
microbial purification of the water.
Safe Harbor Statement:
The statements contained herein, which are not historical, are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, risks associated
with the business of manufacture, distribution and sale of dietary supplements
and health and beauty-aid products, as well as water generation products, risks
associated with dependence on third parties, and other risks identified from
time to time in the Company’s reports and registration statements filed with
the Securities and Exchange Commission. All forward-looking statements
attributable to the Company, or persons acting for the Company, are expressly
qualified in their entirety by these cautionary statements.
Contact: Investor Relations
Fran Daniels, President
Financial Sciences of America
(310) 278-4413
finsci@earthlink.net
SOURCE: RG Global Lifestyles, Inc.
CONTACT: Investor Relations,
Fran Daniels,
President of Financial Sciences of America,
+1-310-278-4413,
finsci@earthlink.net,
for RG Global Lifestyles, Inc.
Photo: NewsCom:
http://www.newscom.com/cgi-bin/prnh/20050118/LATU069LOGO
PRN Photo Desk:
photodesk@prnewswire.com
September 1, 2005
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